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Cyprus Inflation September 2020

Cyprus: Consumer prices drop year-on-year for sixth consecutive month in September

Consumer prices increased 0.86% from the previous month in September, slightly higher than August’s 0.59% rise. September’s result was largely driven by higher prices for food and non-alcoholic beverages, as well as for clothing and footwear.

Consumer prices dipped 0.9% on an annual basis in September, following August’s 1.2% decline and marking the sixth consecutive month of falling prices. Meanwhile, the annual average variation in consumer prices was stable at August’s minus 0.5%. Lastly, harmonized consumer prices dropped 2.9% year-on-year in August (July: -2.0% yoy), which is the latest month for which data is available.

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